Latest news with #NGD
Yahoo
6 days ago
- Business
- Yahoo
National Bank Raised the Firm's PT on New Gold (NGD), Kept an Overweight Rating
New Gold Inc. (NYSEAMERICAN:NGD) is one of the 11 Hot Penny Stocks to Buy Right Now. On June 24, National Bank analyst Shane Nagle raised the firm's price target on New Gold Inc. (NYSEAMERICAN:NGD) from C$6.75 to C$8, while keeping an Overweight rating. The improved outlook comes after the company announced its Q1 2025 results, which showed improved production profiles. The consolidated production outlook reached 52,186 ounces of gold and 13.6 million pounds of copper, representing approximately 15% of the midpoint of annual consolidated production guidance of 325,000 to 365,000 ounces of gold. Aerial view of an open mine with large cranes and excavators working on the surface. As a result, the consolidated revenue reached $209.1 million, ahead of $192.1 revenue a year ago. Moreover, New Gold Inc. (NYSEAMERICAN:NGD) released two new technical reports that outlined robust production profiles with lower costs for both New Afton and Rainy River. These reports provide a roadmap for increased production, reduced costs, and extended mine life, which are expected to drive shareholder value. New Gold Inc. (NYSEAMERICAN:NGD) is a Canadian intermediate gold mining company. The company is engaged in mining and the production of gold, silver, and copper. While we acknowledge the potential of NGD as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now. Disclosure: None. This article is originally published at Insider Monkey.
Yahoo
07-07-2025
- Business
- Yahoo
Is New Gold (NGD) Outperforming Other Basic Materials Stocks This Year?
Investors interested in Basic Materials stocks should always be looking to find the best-performing companies in the group. Is New Gold (NGD) one of those stocks right now? By taking a look at the stock's year-to-date performance in comparison to its Basic Materials peers, we might be able to answer that question. New Gold is a member of the Basic Materials sector. This group includes 238 individual stocks and currently holds a Zacks Sector Rank of #13. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group. The Zacks Rank is a successful stock-picking model that emphasizes earnings estimates and estimate revisions. The system highlights a number of different stocks that could be poised to outperform the broader market over the next one to three months. New Gold is currently sporting a Zacks Rank of #2 (Buy). Over the past three months, the Zacks Consensus Estimate for NGD's full-year earnings has moved 28.1% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving. According to our latest data, NGD has moved about 101.2% on a year-to-date basis. At the same time, Basic Materials stocks have gained an average of 13.9%. As we can see, New Gold is performing better than its sector in the calendar year. One other Basic Materials stock that has outperformed the sector so far this year is HudBay Minerals (HBM). The stock is up 33.7% year-to-date. In HudBay Minerals' case, the consensus EPS estimate for the current year increased 21.6% over the past three months. The stock currently has a Zacks Rank #2 (Buy). Looking more specifically, New Gold belongs to the Mining - Gold industry, which includes 39 individual stocks and currently sits at #52 in the Zacks Industry Rank. On average, this group has gained an average of 55.9% so far this year, meaning that NGD is performing better in terms of year-to-date returns. In contrast, HudBay Minerals falls under the Mining - Miscellaneous industry. Currently, this industry has 64 stocks and is ranked #157. Since the beginning of the year, the industry has moved +15.2%. Investors interested in the Basic Materials sector may want to keep a close eye on New Gold and HudBay Minerals as they attempt to continue their solid performance. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report New Gold Inc. (NGD) : Free Stock Analysis Report HudBay Minerals Inc (HBM) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
06-07-2025
- Business
- Yahoo
New Gold Releases 2024 Sustainability Report, Highlights Emission Reductions, Record Safety
New Gold Inc. (NYSE:NGD) is one of the cheap penny stocks to buy now. On June 4, New Gold announced the publication of its 2024 Sustainability Report. This marks a decade of the company annually reporting on sustainability topics considered critical to its communities, stakeholders, and business. The 2024 Sustainability Report was prepared by the Global Reporting Initiative/GRI Standards, which include the newly released GRI 14 Mining Sector supplement, the Sustainability Accounting Standards Board/SASB Metals & Mining Standards, and the Mining Local Procurement Reporting Mechanism/LPRM. Aerial view of an open mine with large cranes and excavators working on the surface. Some of the highlights from the report include a 7.8% reduction in Scope 1 and Scope 2 greenhouse gas emissions from 2023, which contributes to an overall 15% reduction from New Gold's 2020 baseline. The company also achieved its lowest consolidated total recordable injury frequency rate/TRIFR in its history, decreasing from 0.80 in 2023 to 0.72 in 2024, which was a 42% decrease since 2021 and showed its safety-first culture. New Gold Inc. (NYSE:NGD) is an intermediate gold mining company that develops and operates mineral properties in Canada. While we acknowledge the potential of NGD as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the . READ NEXT: and . Disclosure: None. This article is originally published at Insider Monkey.
Yahoo
24-06-2025
- Business
- Yahoo
BofA Raises Price Target on New Gold Inc. (NGD) to $5.45, Keeps Buy Rating
New Gold Inc. (NYSE:NGD) is one of the 11 Cheap Gold Stocks to Buy According to Hedge Funds. In a report released on June 15, BofA analyst Lawson Winder raised the firm's price target on New Gold Inc. (NYSE:NGD) to $5.45 from $4.55, keeping a Buy rating on the shares. The firm pointed toward key takeaways from an investor trip to Panama. Aerial view of an open mine with large cranes and excavators working on the surface. It also cited the continued strength in gold purchases from China's central bank in May, stating that the gold price rose considerably and is up 31% year-to-date, while highlighting several price objectives among gold miners. New Gold Inc. (NYSE:NGD) is a Canada-based intermediate gold mining company that acquires, explores, and develops natural resources properties, including gold. It operates two core-producing assets in the country: the Rainy River gold mine and the New Afton copper-gold mine. New Gold Inc. (NYSE:NGD) also holds other Canadian-focused investments. While we acknowledge the potential of NGD as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money. Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
24-06-2025
- Business
- Yahoo
BofA Raises Price Target on New Gold Inc. (NGD) to $5.45, Keeps Buy Rating
New Gold Inc. (NYSE:NGD) is one of the 11 Cheap Gold Stocks to Buy According to Hedge Funds. In a report released on June 15, BofA analyst Lawson Winder raised the firm's price target on New Gold Inc. (NYSE:NGD) to $5.45 from $4.55, keeping a Buy rating on the shares. The firm pointed toward key takeaways from an investor trip to Panama. Aerial view of an open mine with large cranes and excavators working on the surface. It also cited the continued strength in gold purchases from China's central bank in May, stating that the gold price rose considerably and is up 31% year-to-date, while highlighting several price objectives among gold miners. New Gold Inc. (NYSE:NGD) is a Canada-based intermediate gold mining company that acquires, explores, and develops natural resources properties, including gold. It operates two core-producing assets in the country: the Rainy River gold mine and the New Afton copper-gold mine. New Gold Inc. (NYSE:NGD) also holds other Canadian-focused investments. While we acknowledge the potential of NGD as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money. Disclosure: None.
